Ulta Beauty Shares Rally After Results Top Street View

By Wallace Witkowski Markets MarketWatch Pulse

Ulta Beauty Inc. shares rallied in the extended session Thursday after the beauty-products retailer's quarterly results topped Wall Street estimates. Ulta shares surged 4.4% to $305.89 after hours. The company reported adjusted first-quarter earnings of $1.91 a share on revenue of $1.31 billion. Analysts surveyed by FactSet had estimated earnings of $1.80 a share on revenue of $1.27 billion. For the second quarter, Ulta estimated earnings of $1.72 to $1.77 a share on revenue of $1.26 billion to $1.28 billion. Analysts estimate earnings of $1.77 a share on revenue of $1.27 billion.

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